Imports to Colombia fell 5.7 percent year-on-year to USD 3.98 billion in June 2019, after a 6.1 percent rise in the previous month. It was the first decline in imports since March 2018, due to lower purchases of manufactured goods (-5.4 percent), of which machinery & transport equipment (-1.9 percent); chemicals (-4.1 percent); manufactured articles (-14.4 percent); and agricultural products, food and beverages (-18.8 percent), in particular food & live animals (-14.7 percent) and oils & fats of vegetable origin (-24.7 percent). In contrast, those of fuels and related products grew 9.7 percent, namely petroleum products and related (16 percent). Considering the first six months of the year, imports advanced 5.8 percent over a year ago. Imports in Colombia averaged 1.84 USD Billion from 1980 until 2019, reaching an all time high of 6.08 USD Billion in July of 2014 and a record low of 0.28 USD Billion in February of 1986.
Imports in Colombia is expected to be 3.85 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Colombia to stand at 4.60 in 12 months time. In the long-term, the Colombia Imports is projected to trend around 4.50 USD Billion in 2020, according to our econometric models.